Common use of Conversion Shares Issuable Upon Conversion of Principal Amount Clause in Contracts

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of Common Shares or Existing Series A Convertible Preferred Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing the outstanding principal amount of this Debenture (or any portion thereof) to be converted by the Conversion Price.

Appears in 3 contracts

Samples: Convertible Security Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.), Convertible Security Agreement (Wizard World, Inc.)

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Conversion Shares Issuable Upon Conversion of Principal Amount. The number of Common Shares or Existing shares of Series A Convertible C Preferred Shares Stock issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount and any accrued and unpaid interest of this Debenture (or any portion thereof) Note to be converted by (y) the Conversion PricePrice then in effect.

Appears in 2 contracts

Samples: Settlement Agreement (GEE Group Inc.), Security Agreement (GEE Group Inc.)

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